Performance-Based Equity. 75% of our long-term incentive equity awards are in the form of performance-based LTIP Unit awards, which are subject to vesting based on our relative total
stockholder return compared to all publicly-traded equity real estate investment trusts, or REITs. Starting with the 2016 equity awards, relative total stockholder return performance is measured over a three-year period.

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Double-Trigger Equity Vesting. Effective with the 2016 equity grants, our equity awards are subject to double-trigger vesting acceleration in connection with a change in
control.

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Robust Stock Ownership Guidelines. Our Chief Executive Officer is required to own common stock or any class of our equity securities or units of our Operating Partnership with a value
equal to 6x his base salary and our other named executive officers are required to own common stock or any class of our equity securities or units of our Operating Partnership with a value equal to 3x their respective base salaries.

No Excessive Risk Taking. Our compensation program does not encourage excessive risk taking by participants.

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No Tax Gross Up Provisions. None of our agreements provide for tax gross-ups.

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No Repricing. We do not permit repricing of underwater options or stock appreciation rights (SARs) or permit exchange of underwater options or SARs for other awards or
cash, without prior stockholder approval.

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Anti-Hedging. We do not allow hedging, monetization transactions, short sales or the purchase and sale of publicly traded options by any director, officer or employee.

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Anti-Pledging. We do not allow our directors or executive officers to pledge securities unless they can otherwise meet our stock ownership
requirements. None of our directors or officers currently pledges our securities.